Medicare: Cost Of Healthcare In The United States

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I understand that Medicare covers the cost of healthcare of those over 65 in the United States. I scoffed at the idea of rationing healthcare as suggested by Callahan, but after learning Medicare spending has increased by 14 fro m $37 Billion in 1980 to $536 Billion in 2012(Moody, 2012, p.145), the idea didn't seem as harsh. Medicare provides care for approximately 50 million Americans. If we as a society continue to grow older and live longer, we will have to support a larger amount of people in comparison to those in the work force. Even if we did ration healthcare, it would only save $5 billion each year (Mood, 2012, p.173). Its predicted that Social Security will be bankrupt by 2041 because right now the ration for retired individuals to

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